5,427 Shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) Acquired by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,427 shares of the restaurant operator's stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMG. Stephens Inc. AR bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $341,000. QRG Capital Management Inc. raised its position in Chipotle Mexican Grill by 190.6% in the third quarter. QRG Capital Management Inc. now owns 51,393 shares of the restaurant operator's stock valued at $2,961,000 after purchasing an additional 33,705 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Chipotle Mexican Grill by 11.8% during the third quarter. Moloney Securities Asset Management LLC now owns 9,618 shares of the restaurant operator's stock worth $554,000 after purchasing an additional 1,018 shares during the last quarter. United Advisor Group LLC raised its stake in shares of Chipotle Mexican Grill by 3.2% during the third quarter. United Advisor Group LLC now owns 9,450 shares of the restaurant operator's stock valued at $545,000 after acquiring an additional 293 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Chipotle Mexican Grill by 3.1% during the third quarter. Pittenger & Anderson Inc. now owns 8,250 shares of the restaurant operator's stock worth $475,000 after purchasing an additional 250 shares during the period. Institutional investors own 91.31% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CMG shares. Raymond James lowered their target price on Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Sanford C. Bernstein restated an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Barclays decreased their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Wedbush cut their price target on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer boosted their price objective on Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.60.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $53.62 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.98 and a 1 year high of $69.26. The stock's fifty day moving average price is $56.88 and its two-hundred day moving average price is $58.10. The company has a market cap of $72.68 billion, a P/E ratio of 48.30, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

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